The zoom continues to climb! | Fox Company

The zoom continues to climb!  |  Fox Company

SteelHouse CEO Mark Douglas argues that while leisure travel returns to normal, business travel may never return to post-coronavirus levels.

Zoom Video Communications Inc.’s frantic race resumed its meteoric trajectory on Monday, with shares surging as the company detailed the results to become a lifeline for those stuck at home due to the COVID-19 pandemic: Benefits and booming income.

The video communications company reported fourth quarter net income of $ 260.4 million, or 87 cents per share, compared to net income of $ 15.3 million in the last year’s quarter. After adjusting for stock-based compensation and other factors, Zoom reported earnings of $ 1.22 per share, down from 15 cents per share a year ago.

ZOOM REMAINS PANDEMIC CORONAVIRUS FIXATION

Revenue soared 369% to $ 882.5 million from …

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